Are there options to allow flexibility in distribution without giving up control?
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Can a trust restrict access to luxury items like yachts or private jets?
Yes, a trust absolutely can restrict access to luxury items like yachts or private jets, and often does, depending on …
Can I create separate trusts for each of my children?
The question of whether you can create separate trusts for each of your children is a common one, and the …
Can a trust open a bank account?
Yes, a trust absolutely can open a bank account, and it’s a crucial step in effectively managing assets held within …
Can a trust own co-op property?
Yes, a trust can indeed own co-op property, though it presents unique challenges compared to owning traditional real estate. Cooperative …
Can a special needs trust subsidize a meditation instructor?
The question of whether a special needs trust can subsidize a meditation instructor is complex, hinging on the specific terms …
Can I provide for posthumous intellectual property royalties in my estate plan?
The question of whether one can provide for posthumous intellectual property (IP) royalties within an estate plan is complex, but …
Can I create separate trusts for each of my children?
The question of whether you can create separate trusts for each of your children is a common one, and the …
Can I require conflict-of-interest disclosures from trustees?
Absolutely, requiring conflict-of-interest disclosures from trustees is not only permissible but a crucial component of responsible trust administration, ensuring the …
Can a trust own co-op property?
Yes, a trust can generally own co-op property, though it’s considerably more complex than owning a traditional single-family home or …